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safe financial move it could hurt young adults and economy as a whole. brenda buttner, anchor of "bulls and bears." i guess it's a story here is that young people are avoiding debt and not getting sort of themselves mixed up in some of these predatory practices that young people have been the target in the past. so had a part of the story is good, right? >> absolutely. during the great recession everybody stopped using their credit cards but particularly those under 35. especially undergraduates as you brought up. in a sense that is good, whenever you hear from a personal financial expert, get some extra money, pay off your credit card debt, but having no credit and misusing credit are two different things and could have potentially difficult implications for our economy and for these young adults. >> rick: i remember my mother telling me, go and get one credit card, buy something you need but get your books and put it on the card and then pay it off in full. that is the way to start establishing a good credit? >> who is your mom. eileen -- that is good advice to your son. that is exact
insolvent. the banks in cyprus are huge, eight times the size of the economy. consider that here in the united states. our banking system is roughly one-time the size of our economy. what we're waiting to see next are they going to get this through parliament and get it done? it is so controversial they're trying to find out different ways to make it less controversial. impose the tax on larger shareholders to a much greater degree. it was originally 9.9% and you go to 12%. if you didn't want to tax the small guys at all you'd have to go to 15% or 16%. this is the scene when the president walked into the palace headquarters. there were people there with no written on their hand and this says merkel stole our money. keep in mind, european union will still give them 10 billion euros and they were trying to come up to reduce the original size from 17 billion euros. the other thing to keep in mind, by taxing depositors they're taxing a lot of foreigners and a lot of russians who had kept their money. the thing is will the rest of europe, will small depositors across the rest of europ
, ceo and president joins me from new york in a fox bids exclusive. you are bullish on the economy. i want to be there, and there's a mixed bag here, unemployment, 7% to 8% range, forecasted for the year. housing, a little bit of a concern here from economists that the housing market is ahead of itself, but, still, bullish on the u.s. economy, so explain that. >> yes, thanks, cheryl. we are bullish on the u.s. economy, housing continues to come back. you saw the numbers today, but, you know, it's still 15, 20, 25%, spending where you are, in the u.s. 30% where it was at its peak. you know, household formation in the last few years has been delayed because of americans deciding to live with their parents, essentially, but population growth continues. bullish on the housing market driving quite of other consumer demand. cheryl: are you changing your asset allocation mix now? is that something you're in the midst of doing, especially on a day like today and yesterday when there seems to be a lot of money moving around, not a lot of new money, but money moving nonetheless. >> we're not ch
and the austerity he is putting in place has caused the economy to be really slow. >> a lot of tax increases over there in europe. we look at this austerity bit. i want to talk about this for a second. >> i want to get back to the budget then. >> talk about what is happening in washington. you know, economics discussed on tv or on the internet or on twitter, it's so depressing, because people really don't know what they are talking about and they just sort of boil it down and there is this belief through the years, that tax cuts are not a tool used. of course, tax cuts are a tool used and tax increases something that traditional are against in bad times. we hear about austerity across great britain and we never hear about the tax increases. when you talk about the fact they cut and slash spending at the same time they hike taxes, it really was a formula made to fail. >> spending cuts and tax increases both take money out of the economy and slow the economy and, yes, they create this idea of austerity. but, look. it's a balancing problem. on the one hand you need to deal with it budgets and defici
might go a little higher. that has an inflationary effect on the economy. so you may be talking away the money you just gave that employee through the increase. raise prices throughout the economy. >> i have to say, you've now switched your argument from what it was going to do to your business to what it's going to do to the economy. >> very sharp, senator warren. whether a minimum wage increase and why. we've heard all this madness on the other side, especially small business people. we won't be able to pay insurance and the like. is that a real reasonable and persuasive argument? >> no and in fact, we have a real world experiment that tells us about this. in new jersey a few years ago, they raised the minimum wage. they did it in pennsylvania. there was an examination of fast food and it turned out that in new jersey, hiring went up and in pennsylvania, hiring went down. but let me turn this upside down. why aren't we talking about the fact that the total stock market is worth less today than in 2000 and yet, the ceos are getting more and more money. if we just turned this argumen
picture this is going to benefit the country or the economy. >> we're going to repeat this over and over again. nancy pelosi says let's pass it so we can read it. they don't know the definition of a full time employee. all she knows she probably not getting healthcare. >> eric: i'm holding a constitution in the hand which i carry with me. i page through this. i can't find government can require me to purchase something. >> eric, it's unfortunate. the government, it's a fascist government. they can force you to do anything they wanted to do. why we are celebrating something that is horror like obamacare is beyond me. you are talking about a birthday. i tell you what, here is the birthday. you see this cookie, the cookie crumbles. [ laughter ] >> it's not worth anything. they should turn around get rid of it. >> eric: we're laughing but the economy rests on healthcare. 15-17% of the economy, if this fails we're in deep trouble. >> everybody left and right says we have to get the costs under control. look, i'm glad you got a cake here eric because what the folks on the right is help themsel
live" starts right now. >> megyn: fox news alert how one country's economy is saved from the brink of collapse in an unprecedented move that experts say comes at a major cost for anyone who uses a bank. think your money is safe? welcome to "america live" everyone, i'm megyn kelly. a tiny little island nation of cyprus has decided today that it will fix its financial crisis by taking people's money. and that's the ultimate solution. they will seize 30-- no, make that 40% being of every bank account in which the person has over 100,000 euros, about 120 or 30,000. and that's your thanks for having money in the cypriot banks and now there are questions about the global cost of the rescue and people find new limits to the trust we put in banks. greg palkot live in cyprus outside the parliament there. greg? >> reporter: yeah, that's right, that's right, megyn. the folks here in cyprus are breathing a sigh of relief, their country is not going bankrupt, but the price paid could be high for the people here and around the world. and with the european union to cough up its share of the money
. by in large, of those 11 million, they're contributors to our economy. if we get it right and finally fix our broken system, we're going to have 11 million people contributing to our economy and it will be the biggest boone we could ever imagine to this economy. >> speaking of that, the economy and this economic impact, as you know, it's obviously a huge issue, and according to the center -- a study by the center of american progress, passing comprehensive immigration reform this year would create 200,000 jobs a year for the next ten years. it would add $1.4 trillion to our gdp, and it would add almost $800 billion in personal income. so the american people are going to pay a pretty heavy price if we don't get immigration reform passed this year and there's certainly an economic argument to be made. do you think that your colleagues on capitol hill, particularly those who are still resistant, understand how high the stakes are? >> i'm glad that these studies are being done. i think these studies are actually telling the truth. at the same time, unfortunately, i think the people afraid to vote
crude prices can tell us about the broader economy. stick around. ♪ ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your personal retirement review. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> good morning. welcome back to "squawk box" here on cnbc. i'm joe kernen along with becky quick and andrew ross sorkin. u.s. equity futures at this hour after giving back about 62, well off the lows yesterday. indicated that a bounce a little, but a time can happen between thou and 9:30 on the east coast. there's energy, you see crude
. if the economy hobbles along and don't get me wrong, the markets are roaring, we've had a few days where it has slowed just a bit. but the average american, the pedestrian middle class family how well are they doing? how confident are they? and if the economy slows for them, the prospects for immigration reform, i don't believe are nearly as high, if you don't get what mark has been saying now for over two weeks. the sequencing done right on this cut spending cuts and tax reform. things sound great and they're moving along now. but joe, as we talked about earlier, you're going to have reticent democrats. and even key congressional races who are going to slow down a bit and saying, look, i want immigration and guns dealt with, what are we doing about the economy and the budget, the debt, and tax reform? >> and this is, richard haas, you can only push people so far, i mean, not the republicans' best friend. this weekend said democrats you're about to lose me. i pay 40% federal, 15%. well, i hear we have it cued up. let's go. this is bill maher this weekend. >> -- actually do pay the freight in th
deal with the economy. the senate plan calls for $46.5 trillion in spending, nearly $5 trillion more than the house plan and more revenue an additional $1 billion more than the house plan. the biggest difference would be the impact on the nation's ballooning deficit. the senate plan is projected to cut spending by $975 billion over the next ten year. in the same time the house plan would cut a lot more. $6 trillion nearly. and if all this is not enough number crunching for you president obama is expected to release his budget plan in early april. of course, we will take a look and report. >>> europe holding its collective breath time as the nation of cypress teethers on bankruptcy. a lot of wealthy europeans particularly russians park their money in cyprus bank. if the financial system fails. they will be asked to foot the bill for the bailout of the bank. we started seeing how they might pay with talk of a 20% tax on bank deposits. a chance the banks to collapse by tuesday there. >> reporter: harris that is absolutely right. unless there is a bailout deal and reportedly that could b
the economy. >> we want to make sure the people know the event is happening this year. >> reporter: the new organizers say it will be scaled back. >> we're not going to have 7 stages. we'll go back to the way it started. >> reporter: new organizers say they need corporate sponsors. after this year they'll work on a five year plan to keep it out of jeopardy in the future. >>> ktvu learned that a man shot do death was under surveillance in a homicide. we're told the driver was a person of interest in a homicide in san jose last week. police say the driver accu celebrated toward an officer and the officer opened fire. some neighbors are questioning the use of force. >> too extreme. there are a lot of kids and people out. >> i would think they would have some precaution or back down a little bit. >> the driver died at a hospital. his name has not been released. >>> cal train says a pedestrian was killed on the tracks this afternoon. a north bound train struck the pedestrian south of the deer don station ju
has no interest in our economy, he has no real interest in straightening out our budget problems. i don't know what his priorities are, but they certainly aren't straightening out the tremendous debt that we've accumulated under his presidency. >> greta: and the senate should note that other presidents should know that other presidents have been late, but this is the first time the president didn't get the budget before the house and senate and we waited and supposed to get it early april, but maybe. mayor, listen to this the national debt we all owe stands at more than 16 trillion dollars, so are president obama and speaker of the house, john boehner, both in denial or are they drinking the same stuff? >> i think it's important to recognize is that we've already cut 2.5, 2.7 trillion dollars out of the deficit. if the sequester stays in you've got over 3 1/2 trillion dollars of deficit reduction already so we don't have an immediate crisis in terms of debt. in fact for the next ten years it's in sustainable place. >> we do not have an immediate debt crisis, but we all know we have
contributes to the local economy, $2.3 billion. so, the effect of the furloughs, as a result of sequestration, how do you expect that to play out? >> well, i can tell you that it's impacting my friends, my neighbors, it's impacting families throughout southern illinois. you're looking at people giving up 20% of their pay, and that's going to have a profound impact on the local economy. you know, those people who aren't getting a full week's pay for a full week's work won't be buying new cars. they certainly won't be buying new houses. and they won't be going down and getting that widescreen tv, or maybe going out to eat. >> right. >> and so, that's going to have a ripple effect throughout the economy. i'd like to point out, too, it's not just scott air force base. you know, we have federal prisons, and -- who are facing furloughs. that's a profound impact not only on the economy but also on the safety of those other prison employees. we have the shawnee national forest, the largest national forest in illinois, very significant impact. >> yeah. well -- >> we're losing three air control towers.
, there will have to be budget cuts behind the sequester. the sequester will not be the end of it, but the economy is recovering. i wouldn't say in spite of what the govern am hment has done. the economy is recovering of its own natural forces now. we've had 12 years of subpar growth. we've had 12 years of up and down with little net progress in the markets and people have forgotten what a strong economy and what a bull market -- a secular bull market looks like, and i think that's generally where we're headed for the next four years, so i'm predicting, as you said, 25,000 on the dow which implies a 15% compound rate of return for the next four years. >> john, can i just come back on the important points that you're making about europe. i'm not sure it's a question of what america trades with whom. it's a question of where the companies that are quoted on this market make their profits and in technology, for example, 40% of those profits are made in europe and therefore europe arguably is more significant than you might think on the trade argument having said that. this is a very interesting week
or the economy. this is something that will come up again with the debt ceiling fight this summer. but if you look at what the senate just passed, this is as christina said, they want to raise taxes. >> guys, let's switch to gun control here. christina, there's mention of the push for the gun control measures. a new gun control law was signed into law described as tough but does not ban semiautomatic assault weapons. here's the governor today. >> i get the feeling right now around assault weapons is that it's hard to define what assault weapons is, whether the ten-year ban, the federal ban made a difference. >> so colorado can't pass a ban on semiautomatic assault weapons. do you take that as a sign it's not going to pass in any state? >> well, it's really hard to know. every state is different. but there is a huge question here. lawmakers feel a lot of pressure from gun lobbyists, gun rights groups and this is why the effort is so interesting. he says he's going to spend $12 million to really look at senators that might be persuadable, particularly those with strong gun rights cultures in th
on marital equality. why they refuse to change. >> will this hurt the economy? >> i don't know if it will hurt the economy or not. >> boehner plays dumb at the expense of the middle class. >> workers are losing 1/12th of their pay. >> that's 9,000 meals they won't have access to. >> they had to cut the toilet paper budget. >> there goes the neighborhood. the westboro baptist church gets friendly new neighbors. a live look at the equality house ahead. morning, brian! love your passat! um. listen, gary. i bought the last one. nice try. says right here you can get one for $199 a month. you can't believe the lame-stream media, gary. they're all gone. maybe i'll get one. [ male announcer ] now everyone's going to want one. you can't have the same car as me, gary! i'm gettin' one. nope! [ male announcer ] volkswagen springtoberfest is here and there's no better time to get a passat. that's the power of german engineering. right now lease one of four volkswagen models for under $200 a month. visit vwdealer.com today. for under $200 a month. ♪ for♪under $200 a month. built to keep
price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> shepard: hey, if you kick a helpless see you lose your beach privileges. the mayor of san diego ordering officials to close down a stretch of beach in la jolla after cameras caught people kicking and punching and sitting on top of seals and their brand new pupsz. workers installed the cameras in january to watch the seals give birth. instead cameras caught people harassing the animals. now the beach is off limits at night. that is not sitting well folks say that beach should be open to everybody. trace gallagher is in our west coast news hub. first, did they find the people who attacked the sealed seals? >> not yet, shep. the city attorney says if suspects are brought in they will be prosecuted and wildlife groups say they are appalled by the abuse beca
. >> we owe the country a balanced budget. it's a reasonable plan. grows the economy. balancing the budget is not just a sta stats tis particular call exercise. creates nor jobs. helps people keep more of their hard earned money when the other side is offering even more spending increases and tax increases. more borrowing. we are worlds apart. >> democratic proposals do not balance the budget. the fbi is investigating how on earth a man was able to pose as a pilot and gain access airways flight in philadelphia. police say the man had on an air france uniform and also an i.d. then he ended up in the jump seat right behind the airlines captain. he was caught when he failed to show his real credentials. the airline says that no passengers were ever in danger. >> that was a bizarre story. >> um-huh. >> the lie breafer congress has added 25 new songs, including this 1960's hit. ♪ come on, baby, ♪ let's do the twist. ♪ come on, baby ♪ let's do the twist. >> they said it became the excitement and energy. dick clark chubby checkers to record a new version of the song. it is more than two d
. that is a good thing. >> reporter: in the improving economy the public offerings have done well this year. >> it shows there is confidence coming back into the marketplace when you see all of these ipos coming to the marketplace. >>> one reason they are attractive these days compared to government bonds and pass book saving accounts that pay nothing if you are willing to take a little bit of a risk in the stock market you really can make some money. >> we could have up to 33ipos raising about $8.5 billion in revenues, that is positive for the market. >> the only worry that investors drove marins prices artificially high like facebook. that is lingering below the initial offering price. back to you. >>> it looks like tkpwaog sell is hopping on the smart watchband wagon. the company is exploring making a watch with android technology that would connect with its smart phone. google has made a splash with the internet connected glasses thank you see there. they are already in the works. apskpel samsung are working on watches. no word when the google watch could hit the market. >>> the camp su
. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. the people of bp made a commitment to the gulf., and every day since, we've worked hard to keep it. today, the beaches and gulf are open for everyone to enjoy. we've shared what we've learned, so we can all produce energy more safely. bp's also committed to america. we support nearly two-hundred-fifty thousand jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. watch this -- alakazam! ♪ [ male announcer ] staples has always made getting office supplies easy. ♪ another laptop? don't ask. disappear! abracadabra! alakazam! [ male announcer ] and now we're making it easier to get everything for your business. and for my greatest tri
economy. now evidence they might be tanking our economy. you remember solyndra that cost american taxpayers more than $500 million. turns out it may have a successor. >> steve: months after opening, the oregon based solar panel company, solo power, is facing layoffs, putting 250 million of our taxpayer dollars in jeopardy. apparently stuart varney, we learned nothing from solyndra. >> no, we have learned absolutely nothing. the president is now doubling down again on green energy projects. he still believes the government can pick winners in green energy and he still thinks that maybe we'll get the technology right to get green power in the future. wrong on all counts. we're so far failed with these green energy products. i think we've got a list of all the green energy project which is have really gotten into deep trouble, either bankrupt, laid people off, they've lost a ton of money. it's one after another. it's very, very long list. >> steve: what do you think it was about this particular solo power thing that the government said oh, we got to give them a bunch of dough? >> the
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in there. >> i think elected officials need to be honest about the real challenge our economy is facing. we have a debt challenge. we have a congress that is pretty disfupgsal and governing by crisis after crisis after crisis. no attempt to make solutions. no attempt to spur growth in the economy. and we're spending our time focusing on these issues which have very real impacts for many people around the country. but if we were to focus on job security, economic growth, many of the social issues would take care of themselves. >> it is an economic issue for women and families. >> i'm scared it's going to remain a dominant issue because of other issues that have fallen to the wayside. immigration in 2010 was the the celeb for the tea party, for the right wing. everybody is on board. we're battling out the details. we're looking at gay marriage. we're seeing a trend of acceptance for gay marriage. >> here's what i don't understand. the republican party is about individual responsibility, smaller government, letting the person figure out for their own idea what they should do. millions of peopl
back to, would and strong economy. a second priority one coupled with economic growth. i think we can do both. make sure we have deficit reduction but don't cut too much too fast. >> dick durbin also optimistic they can move forward. as congress grapples with developing a budget it must deal with another problem that looms it has to pass a continued resolution before march 27th to avert a government shut down. heather, they go on break at the end of this week. we will see what happens. >> of course they do. they are always going on breakdown there. >>> it is time for your first degree weather update with ma r maria molina. >> maria is in the weather center tracking another storm. is that right? >> yes. a brand new storm impacting portions of the upper midwest today and we are expecting to see snow from the same system into the northeast as we height. we could be seeing significant accumulations especially across places in new england. want to start out with high temperatures. we are seeing wild disparities as far as the temperatures go. take a look at minneapolis. 30 degrees for the h
stood by its plans to boost the economy. here are today's closing numbers. the dow was up 56 points. it briefly traded at an all-time high today. the nasdaq rose 25 points. and the s-and-p - was up 10 points. >> the senate has passed a huge spending bill to fund the government through the end of september. the bill would avoid a partial federal shutdown at the end of the month. a vote tomorrow in the house would send the measure to the president for his signature. it includes funding for the day-to-day operating budgets of every cabinet agency, and another 87- billion dollars for military operations in afghanistan and iraq. >> the unemployment rate for veterans dropped last year, according to a new labor report. but veterans still lag behind non-veterans in the job market. the jobless rate for veterans who served in the military since the 9-11 terror attacks dropped by two percent in 2012. >> rising gas prices are really taking a chunk out of people's monthly budgets. but now a bay area grocer is working with a local oil company -- to reduce prices at gas stations across northern ca
: what does this do for oakland's economy? >> last year the economic impact was about $4 million. we expect it to be a little bit more this year. and also there is always the charity piece. number of charities are involved once again. we expect the race probably in the neighborhood of $400,000 for charity. >> reporter: you've got people coming here taking part in this race from all over the down from industry and the united states. the full marathon is the first race that will kick off here. that will happen a half hour from now at 7:30. we'll be here for that. for now we are live in oakland alex savidge ktvu channel 2 news. >> thanks. we do have more information about the race on our website just two to ktvu.com and click on hot topics. >>> secretary of state john kerry makes a surprise trip to baghdad. kerry has been meeting with the leaders with other middle eastern nations. earlier he traveled to saudi arabia and egypt. last week he accompanied president obama to egypt. this is kerry's first trip to iraq after becoming secretary of state. >>> pope francis celebrated his first pal
estimated 42 miles per gallon, the best highway fuel economy of any gas engine in america. that's american ingenuity. to find new roads. [ male announcer ] time won't stop you from feeling beautiful. introducing nexxus youth renewal. now, visibly combat 8 signs of aging hair. ♪ ♪ our breakthrough nexxus youth renewal elixir replenishes and revitalizes. for vibrant, youthful-looking hair in 7 days. [ woman ] now, timeless beauty lives on. [ male announcer ] combat 8 signs of aging hair. nexxus youth renewal. raise your standard. so, dennis, how long have you been in america? a year and a half. no kidding. you speak english really well. so do you. except for your tendency to end sentences with prepositions. what are you talking about? that. he's not wrong. all right... and this is my office. is this part of the tour? nope. good-bye. come on, sheldon, we've hardly shown him anything. all right. this is my desk. these are my books; this is my door. please close it behind you. good-bye. looks like you're doing work in quantum loop corrections. keen observation. good-
of money and it helps the economy. >> we want to do is make sure that people know that the event is happening this clear. >> reporter: the new organizers say that the large festival will be scaled back. >> we're not going to have seven stages. we'll go back to the way carnaval started. >> reporter: residents and business owners gatted at at this theater to organize, volunteer and offer to help raise money. in san francisco, rob roth, ktvu channel 2 news. >>> uc students hoping to earn degree credits online may not be able to after all. university of california faculty leaders announced their opposition to legislation that would allow public college students to earn credits online. the bill would allow students who can't get into overcrowded classes to take similar online courses from outside institutions. >>> state where sheman tom amemiano introduced legislation that would make policing cannabis laws the responsibility of california alcoholic bench control. it would provide a structure for medical cannabis cultivation, processing, testing and description. >>> a few light showers
building. damaging his economy big time pressure on president obama at home all around the world to intervene in some way. carl levin saying saying there should be some kind of surgical air strike. maybe the president should help set up a no-fly zone around syria to pressure assad. the bottom line is the president at a news conference here yesterday said he feels like it's a situation where is he damned if he does, damned if he doesn't. take a listen. >> your question may be suggesting is why haven't we simply gone in militarily? and, you know, i think it's fair to say that the united states often finds itself in a situation where if it goes in militarily, then it's criticized for going in militarily. if it doesn't go in militarily, then people say why aren't you doing something militarily? >> now, there is also the situation i mentioned with the syrian refugees spilling into jordan here. the bottom line is that king abdullah noted that it is now so bad that there is one refugee camp here in jordan that is so large, it is now the fifth largest city in jordan. and he said that giv
into this country from syria dominated the discussions. king abdullah has a country with a tough economy to begin with. they've spent nearly $1 billion. they say they are approaching half a million syrian refugees and they think it will keep getting worse. the president promised about $200 million more. the united states is already giving quite a bit of money to the syrian refugee crisis but he promised to ask congress for $200 million more. most of the effort was on the refugee crisis here, although jordan has a very good intelligence service. the president and his national security team also comparing notes with the king and his team about the big questions about chemical weapons and the king's assessment of how long assad can hang on. >> all right. on king, thanks. >>> there's a lot more happening tonight. randi kaye is here with the "360" bulletin. >>> authorities in virginia are not disclosing a motive in last night's deadly shooting at the marine corps base. officials say three marines are dead including the suspected gunman. he died of an apparent self-inflicted gunshot wound. the incident
to a stronger economy if we don't reign that rein that in. i feel like on the right i've heard we're going to repeal it, the supreme court wouldn't let us repeal it, but we're still going to try to talk about repealing. that sound like a way that says we have a lot of problems with the legislation but we know it's the law of the land so how do we make it better? >> so here is the deal. i'm going to have to wrap you guys up here but you are the most interesting two to eavesdrop on. i got to tell you. karen finney and tony fratto. good conversation. thank you for bringing it. >> thanks. >>> a new alarming report says the u.s. better get ready for more katrina-sized hurricanes. where and why next. >>> also, we want to hear from you. head over to facebook and like us to keep the conversation going. [ female announcer ] switch to swiffer sweeper, and you'll dump your old broom. but don't worry, he'll find someone else. ♪ who's that lady? ♪ who's that lady? ♪ sexy lady ♪ who's that lady? [ female announcer ] swiffer sweeper's electrostatic dry cloths attract and lock dirt, dust, and hair
: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. we make meeting times, lunch times and conference times. but what we'd rather be making are tee times. tee times are the official start of what we love to do. the time for shots we'd rather forget, and the ones we'll talk about forever. in michigan long days, relaxing weather and more than 800 pristine courses make for the perfect tee time. because being able to play all day is pure michigan. your trip begins at michigan.org. >>> happening right now, prosecutors in italy making their case before that country's highest court to retry amanda knox for murder. >> the american student has been free since an appellate court overturned her conviction in the deadly stabbing of british student meredith kercher back in 2007. the one-day hearing could also free knox of slander charges which would free the way for her to sue her accusers. cnn's ben wedeman is live in rome with the very latest. good morning, ben. >> good morning, christine. the supreme court began listening to the case of amanda knox
the recession that follows on as they try and make the economy back on track. this was done because some european countries believed to be the fins and germans and other northern european countries wanted to make sure they were not seen as bailing out rich russian who have accounts in cyprus. or indeed they now felt that people had to pay their part of the pain. but it was not done in ireland. it was not done in portugal. it was not done in greece. and with the prospect of possibility of spain and italy, you can see -- i cannot find, michael and suzanne, i cannot find one economist or banker that i've spoken to today that says this was a good idea. everybody agrees it was a pretty awful policy. >> let's bring in alison. i want you to weigh-in on the conversation here. we're looking at the u.s. markets. looks like it's down by eight points or so. what is the impact do you think in the united states? >> it's actually come back a long way, hasn't it? >> michael, it really has. you saw the knee-jerk reaction right when the bell opened the dow dropped as much as 110 points. obviously it's com
by the time we came into office in 2009, it was all about the economy. but the animating event really for three years, leading up to that election, was iraq. i definitely think, i think it is, i think it will have a huge impact, it has on this commander-in-chief and will have on future commanders in chief. because they understand that without some popular support, it's hard to go about doing -- a lot of military action. without some broad popular support among people to do something like this, there's very little taste to park tens of thousands of people in a place like syria. that even though it's important, has less of a connection to folks here at home. they understand now probably more than ever, the real costs of the war. not just in dollars, but in lives and in injuries and in things like ptsd, which we'll quite frankly be dealing with for a lifetime. >> rachel i want to talk about the veterans' angle on this and we speak about the cost of war. we often forget about those still living if you're look at what's happening to veterans, there are 600,000 of veterans who have backlog
technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. witthto fight chronic.ation, rosteoarthritis pain.ses to fight chronic low back pain. to take action. to take the next step. today, you will know you did something for your pain. cymbalta can help. cymbalta is a pain reliever fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. anti-depressants can increase these in children, teens, and young adults. cymbalta is not for children under 18. people taking maois, linezolid or thioridazine or with uncontrolled glaucoma should not take cymbalta. taking it with nsaid pain relievers, aspirin, or bl
economy. we stand together because we share a commitment to helping our fellow human beings around the world. when the earth shakes and the floods come, our doctors and rescuers reach out to help. when people are suffering from africa to asia, we partner to fight disease and overcome hunger. we stand together because peace must come to the holy land, for even as we are clear-eyed about the difficulties, we will never lose sight of the vision of an israel at peace with its neighbors. so as i begin this visit, let me say as clearly as i can, the united states of america stands with the state of israel because it is in our fundamental national security interest to stand with israel. it makes us both stronger. it makes us both more prosperous, and it makes the world a better place. that's why -- [ applause ] that's why the united states was the very first nation to recognize the state of israel 65 years ago. that's why the star of david and the star and stripes fly together today. that is why i'm confident in declaring that our alliance is eternal, forever. thank you very much. [ appla
of the reasons is because cyprus is a tiny economy, but this would be the fourth european bailout. the fact that at the 11th hour it looks like disagreed to, it takes away an uncertainty for the market and the path of least resistance returns. and what is that path? higher. this has been been incredible year for stocks. anybody with a stock market investment has seen fantastic rushes. the s&p 500 hasn't hit a record high, a new record high yet, but it's very close now. could happen in the next couple of days. that's what the s&p looks like over the past 12 months. the s&p over the past year is up almost 12%. just this year so far, up 9%. that's the kind of return if you had a return like that, it would be the envy of all of your friends. and for anybody who is just a plain vanilla stock market investor, they've had a good run. looks like banks will probably lead higher. watch shares of blackberry. lower pre-market. >> christine romans, thanks so much. >>> ford in and advertising firm are apologizing for a recent ad that used questionable judgment. it's a cartoon showing three scantily clad
interest rates, these retirement funds are predicated on assumptions of healthy growth in the economy and interest rates which accrue money in a safe way into these accounts. and when you do away with the interest income and you do away with the economic growth, you see a deflation of these retirement funds and they're not worth what you projected they would be worth so you run out of money ten years more quickly than you'd thought you were going to. >> megyn: and you're living 20 years longer than you thought you were. they talked to the actuaries, a man who reaches age 65 this year is now expected to live additional 20.5 years and women who turned 65 this year are now expected to live additional 22.7 years, so, you know, pretty good numbers in terms of your life span, leslie, but they weren't really planning on living that long and nor were the employers and more has the government been planning on seeing people live this long. >> no, that's true. by the way, when i did some research on this, the longer we go into the future, the longer people are going to live and that's what the s
pakistan leadership struggled with the sinking economy islamic extremist faxes and tensions over drone strikes. >>> mayors against gun violence tellased $12 million in television ad time. the ads airing in 13 key states across the country that the group thinks are divided on gun control. making an appearance on meet the press mayor bloomberg said he has plenty of support. >> this is about the public wanting to be safe on their streets and the public having the right to buy arms and the right to protect themselves and the right to use them for sport, for hunting, but also it is about the public's right to keep guns out of the hands of criminals and the mentally ill. that is in everybody's interest. >> shannon: the comments from mayor bloomberg come as the debate over gun control continues here in washington. earlier this week, senate majority leader harry reid removed an assault weapons ban from the gun control bill he plans to offer saying he didn't have the votes to get it passed. republican senator tom coburn says he doesn't believe the focus should be on keeping guns from law abidin
hurting the local economy. >> these tunnels are gonna bring peace of mind to these local communities. the next time we have a heavy winter storm they won't have to worry about their life line being closed most of the time. >> reporter: caltrans will be holding a ribbon-cutting ceremony at 11:00 this morning. it will feature local lawmakers that helped push this progress along. also in attendance will be the late widow of tom lantos, who the tunnels are named after. ribbon-cutting ceremony is not open to the public. this took quite a bit of work, a lot of boring to build this tunnel. you can see some work trucks still driving by. there's still some last-minute work, some lane configuration that has to happen following the ribbon-cutting ceremony later on this morning. caltrans is hoping to have that lane configuration work done hopefully by later tonight and possibly tomorrow and that's when the public will be able to drive through the tunnels. sal, this will be a big deal for commuters in the area, right? >> it sure will. that means cars can no longer be at the mercy of a bad commute
the economy, just as things are getting back on track here. you know, it's a lot for these legislators and the governor to weigh, weighing those sorts of issues with, you know, crimes like this. >> and when will the governor come out and actually sign those bills into law? do you know, jim? >> i believe that's scheduled for later this afternoon. i don't know if that's changed, because of what happened today. i would tend to doubt it, but i think he's scheduled later this afternoon to sign that. >> jim spellman, i'm sure you're still on the case trying to get more information for us and u.s. >> sad story out of colorado springs, colorado this morning. we'll be right back. ♪ [ female announcer ] from meeting customer needs... to meeting patient needs... ♪ wireless is limitless. [ female announcer ] from fiing the best way... ♪ to finding the best catch... ♪ wireless is limitless. mr. wiggles and curling irons. for the little mishaps you feel, use neosporin to help you heal. it kills germs so you heal four days faster neosporin. also try neosporin eczema essentials. all your impor
? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. can make any old day a special occasion. so she makes her new mini cream pies with real cream filling and milk chocolate on a cookie-crumb crust. marie callender's. it's time to savor. and milk chocolate on a cookie-crumb crust. with tasty grilled flavor and goodness to savor ♪ ♪ friskies grillers blend. ♪ feed the senses. this morning. my question. what are we going to do without chris hayes? no, seriously. is it time to eliminate the death penalty once and for all? plus, how art changes the lives of children and the brothers mcgill will play live here in nerd lar nerdland. the supreme court and marriage equality. how we finally got to this historic moemtd. moment. >>> good morning. i'm melissa harris-perry. i often recount the story of m
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